Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: ROCKLOBSTER; PeterPrinciple; mrsmith
any guesses what the other 88% of economic activity is?

Retail?

The article may have bad data or a weird definition of manufacturing because the BEA  (the folks that make the GDP) say that "Good Production" is 22%:

We need investing and government almost as much as we need goods producers, but we need services more.  Like, we buy one car so we can drive to a lot of stores, we buy one TV so we can watch a lot of programs, etc. Whether we say we like it or not, this is what we do.

28 posted on 10/04/2015 4:43:44 AM PDT by expat_panama
[ Post Reply | Private Reply | To 26 | View Replies ]


To: expat_panama

Gubmint 17%!

Wow, gubmint “produces” 17% of the wealth in the US. So exactly what of value does it make, and where do I go to get my “fair share”?


29 posted on 10/04/2015 5:28:12 AM PDT by ROCKLOBSTER (Celebrate "Republican Freed the Slaves" month.)
[ Post Reply | Private Reply | To 28 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson